05/07/2019 AUDUSD Short - Fade the post-RBA rally

2019年5月7日

Initially placed a short at around 0.6960 only to be stopped out by the post-RBA announcement spike. Data has been very sluggish as of late while more and more players are buying into a possible rate cut from the RBA. Central bank chose to keep rates steady this time, which lead to a short-lived spike in the pair; although I suspect this spike to be short-lived.
Entered another short at 0.7020

2019年5月9日

交易進行

Scaled in at 0.6968 with SL at 0.6990

2019年5月21日

註釋

Price broke below 0.70 and continued to fall. Brief recovery was due to Australian elections where current PM kept his post, causing AUD to gain some short-term strength.

Went short again at 0.6915 after price failed to sustain its climb, underlying fundamentals still point towards a lower AUDUSD.